How to Financially Survive the First Year: Tips for Budgeting for a New Baby

With that initial rush of love and joy comes the unknown, and it’s easy to feel off balance-you’re never really emotionally or financially ready for children. But the truth is, understanding your budget is crucial- you’ll be in this parenting role for years to come, so let’s get to planning for the future.

Having a baby goes beyond the dreamy baby shower and the actual pregnancy. This little tiny human being depends on his parents (aka ME) for everything, and I mean everything, to survive.

But aside from the survival of your baby physically, as parents, you should also be surviving the first year financially. From living off of one income to a slew of new expenses and purchases, it’s easy to get lost in the shuffle and end up bankrupt your first year if you’re not being careful, but don’t worry–here are some tips for budgeting the first year for a new baby.